Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Nikkei soars in Asia
On Thursday, Asian equities demonstrated mixed performance, with market participants digesting the regional effect of the Trump administration's tax initiative.
The Nikkei 225 tacked on 0.34%, Australia's S&P/ASX managed to earn 0.10%, while the Shanghai Composite edged down 0.09%. Besides this, the Hang Seng index relieved 0.33%.
On Thursday, Chinese insurer ZhongAn Online debuted on the Hong Kong Stock Exchange. It rallied to HKD68.15, soaring 14.2%. The company’s underpinned by well-known names such as Ping An Insurance Group\'s Ma Mingzhe, Alibaba Group Holding\'s Jack Ma and Tencent Holdings\' Pony Ma.
Overnight, the Dow Jones industrial average concluded steeply higher, driven by a jump in financials amid soaring hopes that the Fed will lift rates for third time later in 2017.
As for the Dow Jones Industrial Average, it closed higher showing 22,344.48. Additionally, the S&P 500 concluded 0.41% higher and the Nasdaq Composite hit 6453.26, gaining 1.15%.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.